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Money from Colombia to the UK OR USA

How can you send money from Colombia to the UK or USA with the best rate and minimum commision.

By kat1 (Moderator) (Trustee board) on Jul 9, 2009, 07:41 in Friendly Talkzone.

Rocco81 says on Jul 9, 2009, 07:52:

Just do a bank transfer. Want to send me some loot?

Sic semper tyrannis

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makopp5 (☼Travelguide writer) says on Jul 9, 2009, 07:56:

Bancolombia charges 25 US$ IVA

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bam m says on Jul 9, 2009, 07:57:

hi kat !! depends on how much.... the easiest way, with no questions..is open 5 or 6 bank accounts...with money cards...raise your daily ATM limit to say $2500 usd....then you can hit city bank for 4 million per card per day...so you could pull 24 million a day with 6 cards.... if you needed... its faster than you think...

we still transfer to buy property...but remodel with cards like this...and the ATM raids....hahaha

citibank does charge 10k cop per million....and they give 1 million a pull...so you hit each card 4 times while your in the ATM..

good luck !

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saddlespur says on Jul 9, 2009, 09:14:

Try PayPal....believe it or not it's cheaper than Western Union here in the states. It offers service to and from Colombia.

https://www.paypal.com/

To Get What You Never Had...You Must Do What You've Never Done.

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Mononoke28 says on Jul 9, 2009, 09:25:

Thanks saddlespur, we were also wondering about this since we plan to sell our Ecopetrol shares and use the money here in the US. All I was aware of was Western Union but PayPal sounds like a better choice.

Diana

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viajero123 (☼Travelguide writer) says on Jul 9, 2009, 09:28:

You can't use many paypal features in Colombia. Basically you cannot link it to any Colombian bank accounts so you can't add funds or withdraw funds from and to Colombian bank accounts.

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Paisa/Calena/Luver says on Jul 9, 2009, 09:28:

Money from COLOMBIA to the US or UK?

Talk about the IRONY... jajajaja lol

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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kat1 (Moderator) (Trustee board) (☼Travelguide writer) says on Jul 9, 2009, 09:30:

banks takes so much commision and they are a really pain in the a***

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bam m says on Jul 9, 2009, 09:59:

ahhhh sorry kat.... i'm just recovering from the stroke..hahahaha....money FROM colombia..... no idea...my bad..

But we always need cop in colombia...if you want to take in the US...we can convert for you and deposit in the US......same day...

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Mononoke28 says on Jul 9, 2009, 10:07:

Does anybody know how much do Western Union and Pay Pal charge? I've never used these companies to send money so I'm clueless.

Diana

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Shortiao says on Jul 9, 2009, 10:30:

Interesting.....is our economy that goosed that Colombians are sending money hre now?

I would paypal it to be honest? Safe, Cheap and fast(ish).

"cuando una persona toma otro pasaporte....pierde su identidad!" - Shortiao

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webmanco says on Jul 9, 2009, 10:32:

I do paypal to UK. the tap is on the receiving end.

No hay extremo cierto o verdadero, porque los extremos opacan, enruedan, (lavan cerebros) verdades. Yotas

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Mononoke28 says on Jul 9, 2009, 10:34:

Well, in our case we bought the Ecopetrol shares a couple of years ago with their payment plan. Spent like I think $1000 total and now have, depending on the share price and dollar exchange, around $9k. So we want to add that up to our savings and put a downpayment on a house before the share prices go down as many say they will.

Pay Pal it is then, I like the fast(ish) part of it most.

Diana

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kat1 (Moderator) (Trustee board) (☼Travelguide writer) says on Jul 9, 2009, 10:36:

But didn't viajero just say "You can't use many paypal features in Colombia. Basically you cannot link it to any Colombian bank accounts so you can't add funds or withdraw funds from and to Colombian bank accounts."

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Mononoke28 says on Jul 9, 2009, 10:38:

But I think you can withdraw funds FROM a Colombian account TO a foreign account. I think he meant that you can't do transactions if BOTH accounts are in Colombia.

Please correct me if I misunderstood guys.

Diana

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webmanco says on Jul 9, 2009, 10:40:

When I do transfer to USA thru CitiBank, I do need to buy USD from my $ account, I do get a better TRM if the transaction is USD 5 or over, most of the time I do get the lower treatment. :-(

They always ask me if I got or want a USD account.

No hay extremo cierto o verdadero, porque los extremos opacan, enruedan, (lavan cerebros) verdades. Yotas

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winsurfer says on Jul 9, 2009, 13:29:

Moneygram.com gets the money there in 10 minutes and works in both directions, but there are gotchas. From the US to Colombia, the fee is 9.99 for transfers up to 1000., and 2% for transfers over 1000., so the sweet spot is multiple 1000. transfers at an effective fee of 1%. However, the currency conversion never seems to use the TRM...lately there has been around a 2.5% discount to the TRM, although we once received an exchange rate above the TRM...go figure. UK to Colombia seems to be 4%. In the other direction, Colombia to US or UK, the fee is punitive...5% regardless of amount.

Maybe there's a business opportunity here...you could export jam sugar to Colombia and get paid in pounds sterling.

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gamm2 (☼Travelguide writer) says on Jul 9, 2009, 14:05:

take out the money from your colombian bank account. If its over 3 million then you get an armed guard escort. (Do it at Hacienda Santa Barbara or UNicentro.) Then go over to the Casa de Cambio and buy dollars or whatever. Then you get an escort home - put it in a safe or somewhere safe. The next day, put it in a money belt and fly home with it. (Less than $10,000). Then go to your bank and deposit it. I thought my bank would look at me all strange depositing so much cash, but they didnt seem to care....

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gamm2 (☼Travelguide writer) says on Jul 9, 2009, 14:10:

mononoke - viajero said

"Basically you cannot link it to any Colombian bank accounts so you can't add funds or withdraw funds from and to Colombian bank accounts."

So where are the ecopetrol shares? How will u withdraw them from the Colombian side. If you could do this I'm sure viajero would have me doing it in a second. Instead Im doing the above which is very low tech....

If you know any one in Colombia with a US bank account and they agree, then maybe you can give them pesos and they will give you dollars at the current TRM. I have done that before as well.

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medefockinllin says on Jul 9, 2009, 17:44:

Change money with me. I need COP and can credit account in UK in GBP. PM me if you are interested.

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webmanco says on Jul 9, 2009, 17:53:

Maybe Kat sold her farm iaiao

No hay extremo cierto o verdadero, porque los extremos opacan, enruedan, (lavan cerebros) verdades. Yotas

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PoorButHappy says on Jul 9, 2009, 19:32:

http://poorbuthappy.com/colombia/post/anyone-recommend-a-good-lawyer-i...

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kat1 (Moderator) (Trustee board) (☼Travelguide writer) says on Jul 10, 2009, 03:09:

webmanco says on Jul 9, 2009, 17:53: flag

Maybe Kat sold her farm iaiao

or maybe I won the baloto :)))

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elSapo says on Jul 10, 2009, 03:18:

Kat, it really depends on the amount.
The best way is to use a professional money exchange broker. You would get the fastest transfer and better rate.
The are many in Colombia. Pm if you want any details.

ANTI IS GONE! ELMO IS GONE!YOU KEEP THE PAPAYA. VIVA PBH.

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elSapo says on Jul 10, 2009, 03:21:

Ah... I forgot...
if you want to PM me, you have to go into the elSapo's profile page and hit the send private message button. Warning! If you hit the other near button you won't see me again...

ANTI IS GONE! ELMO IS GONE!YOU KEEP THE PAPAYA. VIVA PBH.

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kat1 (Moderator) (Trustee board) (☼Travelguide writer) says on Jul 10, 2009, 03:25:

"Warning, if you hit the other near button you won't see me again.." really? very tempting hehhehe O/J .

BTW i WILL SEND YOU A PM

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elSapo says on Jul 10, 2009, 03:25:

ehehe

ANTI IS GONE! ELMO IS GONE!YOU KEEP THE PAPAYA. VIVA PBH.

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